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Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

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  • #76
    Originally posted by Kepler View Post
    In my experience Millennials all know Holy Grail. We all know King Kong and we're not 90.

    I’m a(n elder) Millennial, I understood the reference.
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    I spell Failure with UAF

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    Best sign by a visting Seawolf fan Friday went to a young man who held up a piece of white poster board that read: "YOU CAN'T SPELL FAILURE WITHOUT UAF."

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    • #77
      Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

      Right. Well. OK.
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      • #78
        Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

        Two days ago Wells Fargo was fined $3B for the fraudulent account setups dating back to 2017.
        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

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        • #79
          Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

          Pocket change.
          What kind of cheese are you planning to put on top?

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          • #80
            Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

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            • #81
              Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

              Over/under on number of days before Trump tweets out, “YOUR WELCUM, ENJOY!!!” about the stupid stock market, again? I’m sure by this point it’s been someone else’s responsibility all along. Probably the Fed, which needs to be “audited” or something.
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              • #82
                Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                Two- and three-year bonds are down 18% each today. They've bled off almost 40% this week.
                THIRTY-year bonds are also off 15% this week.

                That's insane.
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                Originally posted by SanTropez
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                When the giraffes start building radio telescopes they can join too.
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                • #83
                  Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                  Originally posted by dxmnkd316 View Post
                  Two- and three-year bonds are down 18% each today. They've bled off almost 40% this week.
                  THIRTY-year bonds are also off 15% this week.

                  That's insane.
                  I thought USG bonds went up when equities went down?

                  Um. That doesn't sound good. Did I mention I just bought a house..?
                  Cornell University
                  National Champion 1967, 1970
                  ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                  Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                  • #84
                    Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                    Originally posted by Kepler View Post
                    I thought USG bonds went up when equities went down?

                    Um. That doesn't sound good. Did I mention I just bought a house..?
                    Yields. Sorry.

                    People are dumping money out of stocks and into safe havens. The fact that two- and three-years are down so much means there's a ton of demand there thinking the next two to three years those bonds will pay out more than the stock market, or at least hold value.
                    Code:
                    As of 9/21/10:         As of 9/13/10:
                    College Hockey 6       College Football 0
                    BTHC 4                 WCHA FC:  1
                    Originally posted by SanTropez
                    May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                    Originally posted by bigblue_dl
                    I don't even know how to classify magic vagina smoke babies..
                    Originally posted by Kepler
                    When the giraffes start building radio telescopes they can join too.
                    He's probably going to be a superstar but that man has more baggage than North West

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                    • #85
                      Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                      Originally posted by dxmnkd316 View Post
                      Yields. Sorry.

                      People are dumping money out of stocks and into safe havens. The fact that two- and three-years are down so much means there's a ton of demand there thinking the next two to three years those bonds will pay out more than the stock market, or at least hold value.
                      OK that makes sense.

                      So people are basically saying the market is f-cked and running to bonds.

                      Which I did a year ago and now feel much smarter. (Narrator: he was not much smarter; just neurotic and cautious.)

                      I wonder how somebody does if they just throw everything into bonds the day a Republican takes office and then everything back into stocks the day a Democrat takes office? Over the last century that's probably a pretty good track record.
                      Last edited by Kepler; 02-28-2020, 02:17 PM.
                      Cornell University
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                      ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                      Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                      • #86
                        Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                        I see the finance updates and just kissed my 401K goodbye.

                        Maybe I should just let this ride out. It can't keep sliding for weeks on end...
                        “Demolish the bridges behind you… then there is no choice but to build again.”

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                        • #87
                          Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                          Originally posted by aparch View Post
                          I see the finance updates and just kissed my 401K goodbye.

                          Maybe I should just let this ride out. It can't keep sliding for weeks on end...
                          I mean, it can...

                          But if you're diversified you will not get creamed. I am now 60 bonds 40 equity which TBH is more aggressive than recommended for my age, because I also have other sources for retirement. But if I were 70/30 as is recommended for my age I'd be fine.

                          Also, if you're under 50 don't worry about this at all. Keep your contributions steady, don't thrash, and even if there's free fall dollar cost averaging will pick you up on the back end.

                          The only way to truly, truly get f-cked is to be exposed and at the end of your work life when the crash hits, or to be Japan and flatline for 20 years.
                          Cornell University
                          National Champion 1967, 1970
                          ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                          Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                          • #88
                            Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                            Long overdue corrections. You ride this sucker out, especially since I know you're nowhere near retirement age.

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                            • #89
                              Originally posted by Kepler View Post
                              I mean, it can...

                              But if you're diversified you will not get creamed. I am now 60 bonds 40 equity which TBH is more aggressive than recommended for my age, because I also have other sources for retirement. But if I were 70/30 as is recommended for my age I'd be fine.

                              Also, if you're under 50 don't worry about this at all. Keep your contributions steady, don't thrash, and even if there's free fall dollar cost averaging will pick you up on the back end.

                              The only way to truly, truly get f-cked is to be exposed and at the end of your work life when the crash hits, or to be Japan and flatline for 20 years.
                              Originally posted by FadeToBlack&Gold View Post
                              Long overdue corrections. You ride this sucker out, especially since I know you're nowhere near retirement age.


                              Thank you. This makes me feel okay about not fully being on top this sort of thing. I do get stocks should be treated as "set it and forget it," but I sometimes take that too far.
                              “Demolish the bridges behind you… then there is no choice but to build again.”

                              Live Radio from 100.3

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                              • #90
                                Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

                                Whaddaya mean people aren't reassured by the crack team of Chump-Pence-Kudlow-Munchkin? What are you, a bunch of commies?
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